Vermilion Energy (NYSE:VET) Sees Large Volume Increase – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) saw strong trading volume on Monday . 1,751,850 shares changed hands during trading, an increase of 52% from the previous session’s volume of 1,152,146 shares.The stock last traded at $10.23 and had previously closed at $9.90.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

Vermilion Energy Stock Performance

The business has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $10.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a yield of 3.48%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is presently -9.63%.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in Vermilion Energy by 13.8% during the 1st quarter. Russell Investments Group Ltd. now owns 165,640 shares of the oil and gas company’s stock valued at $2,060,000 after buying an additional 20,122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Vermilion Energy by 56.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,728 shares of the oil and gas company’s stock valued at $909,000 after purchasing an additional 26,200 shares during the period. Vanguard Group Inc. increased its stake in shares of Vermilion Energy by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock worth $73,718,000 after purchasing an additional 71,476 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Vermilion Energy by 17.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,387 shares of the oil and gas company’s stock worth $229,000 after purchasing an additional 2,716 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its stake in shares of Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,593 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.